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Bullishpattern

12 Jan ’24 — Traders are cold-blooded, Bias changed to Bullish🐂Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday “Nifty looks perfectly neutral from here, the moment the support of 21491 gives away — we can start looking for bearish opportunities. To go bullish the ATH has to be taken out. With the IT majors TCS and INFY declaring the results — we should have a strong swing direction tomorrow.” 4mts chart link Major highlights today Gap-up of 120pts ~ 0..56% NiftyIT gains 5.14% Nifty50 takes out the ATH, new value = 21928 Nifty goes from neutral to bullish Today’s stop came right at the ascending channel top-line Never seen NiftyIT so stubborn to go up, a gain of 5.14% far exceeds expectations, and that too when the IT majors are at their all-time highs. What we still do not understand is the reason for outperformance when the results were average. Anyway, this was the major reason Nifty50 broke out from the neutral zone to the bullish zone. 63mts chart link Today’s price action was along the top trend line of the ascending channel, and careful enough not to break it. There is no shame in saying traders are cold-blooded. We cannot stick with our bias, direction, or opinions and expect the market to behave as per our analysis. If the markets have turned, we need to adapt. Till yesterday, we were looking for neutral trades with a possibility of going down. See how the tables have turned today. For Monday - we need to look out for bullish opportunities now.
NSE:NIFTYLong
by viswaram
RELIANCEWait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the pullback. 6. Don’t chase the market. 7. Don’t fight the market. 8. Even in the strongest trends there should be some retracement. 9. The closer the market is to the trendline, the better the risk/reward ratio is. 10. Use ADX to determine the strength of the trend. 11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy 12. Hold trades longer in a strong trend. 13. Wait for confirmation of a trendline breaking before reversing position. 14. Know where the Support levels are. 15. Place stops outside the Support levels. Thank You..
NSE:RELIANCELong
by Rvkachhadiya
WHEELS INDIA - Potential Weekly breakout - Add to watchlistWHEELS INDIA, as observed in the weekly chart, is currently exhibiting a compelling technical pattern, suggesting the possibility of a significant breakout. The stock has been forming a symmetrical triangle pattern over the past several weeks, indicating a period of consolidation and tightening price movements. Price Targets: In the event of a confirmed breakout, traders might consider setting price targets based on the height of the triangle pattern. TARGET 1 & TARGET 2 mentioned in the chart.
NSE:WHEELSLong
by SwingtradesbyAbhishek
EDELWEISSEDELWEISS:- If the stock gives a breakout and sustains above 45.90 level, we may see a movement to the upside Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:EDELWEISSLong
by AjayDhakad_Keep_it_simple
UJJIVANUJJIVAN:- Stock has formed cup and handle pattern, plan something only after breakout till then keep an eye on the stock Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:UJJIVANSFBLong
by AjayDhakad_Keep_it_simple
BIRLAMONEYBIRLAMONEY:- The stock has given a breakout after 5 years, and has also formed a cup and handle pattern. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:BIRLAMONEYLong
by AjayDhakad_Keep_it_simple
Titan, Reverse Head and Shoulders.Titan has formed a reverse head and shoulders pattern on the weekly charts and will have to decisively break out from the current resistance channel and close at a price above 2810 to further validate the bullish pattern. Stoploss would be just below the resistance channel. First target would be at around 3775 levels, although given the volatile nature of the markets since after the massive bull run of 2020-2021, I would strongly advise using a trailing stoploss of 20EMA on the weekly chart. That said, as usual, please ensure appropriate position sizing and risk management practices.
NSE:TITANLong
by Amit_Thakkar_
BITCOIN Projection for 2024 BullRun#BITCOIN Weekly Chart Analysis As per weekly movement in CRYPTOCAP:BTC , its #Bullish Trend #BroadeningWedge starts from 21st November 2021 and it will be properly continue onwards towards uptrend cycle. As per #FIBretracement this cycle final upar cut-off point will be at $48.2k to $51.5k approx. upto January last, after that may be it will take a slightly decline and goes towards $40k-$38k approx to completing its final downtrend cycle as per broadening wedge and as well as Bullish Curve pattern too... After this cycle completion, into April end to may first week, CRYPTOCAP:BTC #Halving will completed and many bigger institutions arrives with Bitcoin Spot #ETFs in market, so it will be take a bigger boost of Bitcoin towards first bigger Bullish cycle towards $75k-85k this time to Break-out previous #AllTimeHigh of SWB:69K of Bitcoin upto July-August and from this time Bitcoin will be goes under full #BullRun mode upto Dec. 2024 to Jan.2025 with its first new #ATH of $185k to $220k approx. This year, major role player of #Bullrun in Crypto market including Altcoins growth is Bitcoin ETF. Lets see, whats market move... Anyway, Always #DYOR before investing in Crypto and Trade wisely by using #StopLoss, its just #NFA. and, must Follow me, Share and Comment on it...!!!
Long
by AskToRahulSirohi